|
QuantumMeltdown
Space Monkey




Registered: 10/31/01
Posts: 4,962
Loc: Ft. Lauderdale, FL
Last seen: 5 months, 10 days
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Crystal G]
#7465137 - 09/28/07 06:01 PM (16 years, 4 months ago) |
|
|
most creditors give loans to people based on their ability to pay them back so that would exclude the poor. It's always been that way.
-------------------- -QuantumMeltdown Total abstinence is so excellent a thing that it cannot be carried to too great an extent. In my passion for it I even carry it so far as to totally abstain from total abstinence itself. -Mark Twain "The time has come the walrus said, little oysters hide their heads, my Twain of thought is loosely bound I guess its time to Mark this down, Be good and you will be lonesome Be lonesome and you will be free Live a lie and you will live to regret it That's what livin' is to me That's what livin' is to me" Jimmy Buffett
|
Crystal G



Registered: 06/05/07
Posts: 19,584
Loc: outer space
Last seen: 8 months, 5 days
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: QuantumMeltdown]
#7465242 - 09/28/07 06:40 PM (16 years, 4 months ago) |
|
|
yes, hence why i said the term: "its like giving an umbrella to somebody in the sahara desert"
|
ToTheSummit
peregrinus



Registered: 08/22/99
Posts: 9,126
Loc: Las Vegas
Last seen: 6 hours, 20 minutes
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Crystal G]
#7465341 - 09/28/07 07:15 PM (16 years, 4 months ago) |
|
|
No offense, but you obviously don't understand the concept of lending money Crystal.
-------------------- You invented the wheel....You push the motherfucker!!
|
Leanin
Student of theIron Game


Registered: 04/18/06
Posts: 2,231
Last seen: 10 years, 7 months
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Rustifer]
#7465346 - 09/28/07 07:16 PM (16 years, 4 months ago) |
|
|
buy a house, have some friends move in, have them help you with the mortgage each month as rent
|
Liz
Owl Lady




Registered: 11/16/04
Posts: 6,962
Loc: Massachusetts
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: QuantumMeltdown]
#7465356 - 09/28/07 07:19 PM (16 years, 4 months ago) |
|
|
Quote:
QuantumMeltdown said: Crystal G, I don't know if you realize but what your saying doesn't make any sense whatsoever. You say they only give loans to people who don't need them right? Well tell me this what person who doesn't need to just pays interest for no reason to a creditor or bank when they could just pay for the item in cash and be done with it.
Actually, lots of people do that. I was in the mortgage business as an underwriter for 5+ years, and many people will take out a mortgage on a house because the interest is tax deductible, and it builds credit.
-------------------- Remember, remember the fifth of November The gunpowder treason and plot. I see no reason why gunpowder treason Should ever be forgot.
|
Crystal G



Registered: 06/05/07
Posts: 19,584
Loc: outer space
Last seen: 8 months, 5 days
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: ToTheSummit]
#7465358 - 09/28/07 07:19 PM (16 years, 4 months ago) |
|
|
Quote:
ToTheSummit said: No offense, but you obviously don't understand the concept of lending money Crystal.
I do but I was obviously being sardonic >_>
|
Leanin
Student of theIron Game


Registered: 04/18/06
Posts: 2,231
Last seen: 10 years, 7 months
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Crystal G]
#7465361 - 09/28/07 07:20 PM (16 years, 4 months ago) |
|
|
pretty hard to get a loan the US nowadays......
|
Crystal G



Registered: 06/05/07
Posts: 19,584
Loc: outer space
Last seen: 8 months, 5 days
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Leanin]
#7465367 - 09/28/07 07:22 PM (16 years, 4 months ago) |
|
|
Quote:
Leanin said: pretty hard to get a loan the US nowadays......
precisely my point.
|
ToTheSummit
peregrinus



Registered: 08/22/99
Posts: 9,126
Loc: Las Vegas
Last seen: 6 hours, 20 minutes
|
Re: I'm sick of throwing away 500 dollars a month on an apartment [Re: Leanin]
#7465413 - 09/28/07 07:40 PM (16 years, 4 months ago) |
|
|
Quote:
Leanin said: pretty hard to get a loan the US nowadays......
Not really. Anyone who still has good credit and a job can still get the credit they need. But all the bad loans given out in the last decade to people who didn't deserve them are coming home to roost and all the lenders are learning a hard lesson about giving out risky loans. Everyone got accustomed to being able to get loans they couldn't really afford, but now the market is taking care of this silly practice on its own. Simple economics really.
-------------------- You invented the wheel....You push the motherfucker!!
|
|